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Stripe raises $600M at nearly $36B valuation

(www.axios.com)
721 points hhs | 3 comments | 16 Apr 20 14:35 UTC | HN request time: 0.637s | source
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remote_phone ◴[16 Apr 20 15:30 UTC] No.22890410[source]▶
I hope they are letting the employees cash out at these rounds. Otherwise they will end up like Uber, Lyft and other unicorn employees that not only got screwed by the IPO, but the subsequent taxes because of that. I know many Uber employees that need to sell at these low prices just to pay taxes and their RSUs leaving them with very little actual gains.
replies(2): >>22891712 #>>22892568 #
1. bagacrap ◴[16 Apr 20 17:40 UTC] No.22891712[source]▶
Are employees supposed to make gains on their equity based compensation when their company underperforms? Isn't this a risk you take when joining a startup? Thus far the only thing Uber has ever proved successful at, financially, was taking VC money. So it sounds like what you're asking for is that startup employees be allowed to siphon vc funds into their personal bank accts.
replies(2): >>22893589 #>>22905811 #
2. juped ◴[16 Apr 20 21:08 UTC] No.22893589[source]▶
This is a ludicrous comment unless you believe that "employees" deserve to be second-class citizens. Lots of people cash out during funding rounds. It may be the status quo, but no one deserves their equity being a scam.
3. TrackerFF ◴[18 Apr 20 06:42 UTC] No.22905811[source]▶
Here's the way I see it - whether or not a company is profitable, rests entirely on executive management. It's their job to steer the company into profitability (by the right vision, strategies, and execution).

For rank and file workers, that may just build up the company, should get paid for their work. A company can be worth a lot, but still perform poorly.

If you have enough VC money coming in, you can purposely run a company unprofitable 'till for a long, long time - if you're goal is to simply undercut competition.